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Insurance
Probitas Syndicate 1492 at Lloyd’s has claimed that it is business as usual as it seeks new investors following the appointment of liquidators at Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer which backs the syndicate. 12 April 2017
Insurance
Neon's Syndicate 2468 has said that the strategic actions it has taken including reserve strengthening and exiting from medical malpractice and general liability classes of business will allow it to draw a line under the past after it posted more heavy losses for 2016 and its combined ratio soared. 12 April 2017
Insurance
Despite a plethora of challenges including low oil prices, cost control pressures, workforce layoffs, onerous legislation/regulation and the escalating risk of cyber-attacks, margins for energy insurers remain wafer thin, a situation that could become the ‘new normal’ for the market. 12 April 2017
Insurance
As the UK leaves the EU, Gibraltar, a British Overseas Territory, may attract insurance businesses from within the remaining EU countries looking to keep their passporting rights into the UK, Minister of Commerce Albert Isola suggested in conversation with Intelligent Insurer. 10 April 2017
Insurance
The head of China's insurance regulator is being investigated for suspected disciplinary violations, according to several media publications. 10 April 2017
Insurance
Malta-based Building Block Insurance (BBI) is expanding its footprint into Europe after signing an agreement with Spanish broker Slora to sell gadget insurance. 10 April 2017
Insurance
Property/casualty insurer Chubb has appointed Scott Gunter as senior vice president, division president of North America commercial insurance, succeeding Steven Pozzi who is set to retire at the end of the year. 10 April 2017
Insurance
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has appointed Andy Faber to lead its newly-launched life sciences practice within the specialty casualty group. 10 April 2017
Insurance
S&P Global Ratings upgraded aviation re/insurer Aviabel Belge d'Assurances Aviation after its acquisition by Bermuda-based property/casualty (re)insurer AXIS Capital Holdings. 10 April 2017
Insurance
US-based Ryan Specialty Group (RSG) is establishing RT Specialty Buffalo, New York office, a new wholesale brokerage unit, at the current location of acquired managing general agent (MGA) LoVullo Associates. 10 April 2017
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